Tag: consumers


Susan Tompor: Consumers unsure about credit score

News from Detroit Free Press:

Is someone’s age going to stop them from getting a top-notch credit score? Will whether you’re married, divorced or single be figured into the calculation of a credit score? Does race influence the score?
Far too many consumers give the wrong answer and say ‘Yes’ to those questions. Many incorrectly believe that [...]

Credit scores confusing consumers

News from Pittsburgh Post Gazette:

May 15, 2012 12:07 am

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By Patricia Sabatini / Pittsburgh Post-Gazette
Although consumers have improved their overall knowledge about credit scores over the past year, they continue to harbor potentially costly misunderstandings, according to a just-released survey from the Consumer Federation of America.
Among the most troubling findings: A majority of consumers mistakenly believe [...]

Susan Tompor: Consumers’ credit scores improving

News from Detroit Free Press:

Credit scores turned into one ugly number for many consumers throughout the recession — putting a halt to how much buying and borrowing consumers could do.
So it’s pretty upbeat news to hear that more consumers are edging near perfect FICO scores.
The number of consumers in the top FICO score range — [...]

Low credit scores still plaguing some consumers

News from Worcester Telegram:
Despite recent signs of improvement in the economy, many consumers are being held back by low credit scores.
People who suffered through financial problems during the recession likely lowered their credit scores. Meanwhile, lenders have tightened their standards, which means a credit score that helped a consumer obtain a low-interest loan a few [...]

LARS credit forum helps consumers deal with credit scores

News from Baltimore Sun:

Many clients who seek assistance from Laurel Advocacy and Referral Services — a Laurel nonprofit that helps 2,000 homeless and low-income individuals each year — are in trouble because of credit. Credit scores impact their lives, from the ability to rent apartments or obtain insurance to employment opportunities.
To help clients, and others [...]

LARS credit forum helps consumers deal with credit scores

News from Baltimore Sun:

Many clients who seek assistance from Laurel Advocacy and Referral Services — a Laurel nonprofit that helps 2,000 homeless and low-income individuals each year — are in trouble because of credit. Credit scores impact their lives, from the ability to rent apartments or obtain insurance to employment opportunities.
To help clients, and others [...]

CoreScore credit score may harm consumers more than help

News from Credit Newsline:

CoreScore credit score may harm consumers more than help
Posted on January 19, 2012 by Rita Uplend

CoreScore, a new credit scoring system to be released in March, will provide a deep look inside credit history, possibly to the detriment of American credit scores.
Unpaid child support, late taxes, bankruptcies, apartment evictions and unpaid payday [...]

Six predictions for consumers in 2012

News from Christian Science Monitor:

It’s been nice, 2011, but as we move into the new year, many consumers are no doubt wondering what 2012 has in store for them, particularly when it comes to their wallets. Is a double-dip recession in the cards? Will it be easier to get a mortgage? Is a checking account [...]

Companies rate consumers with new scores

News from msnbc.com:

NEW YORK — Companies are getting smarter at predicting your next move.
As it becomes easier to gather information on consumers, businesses are crunching personal data in new ways to forecast a wide variety of behavior. In much the same way that credit scores predict how likely you are to pay your bills, a new [...]

Consumers Tap Phones to Check Credit Scores

News from Bloomberg:

Consumers shopping for a loan or looking to rebuild their credit can use a free mobile application to monitor changes in their credit scores.
The application, for Apple Inc. (AAPL)’s iPhone, updates users’ credit scores from Experian Plc (EXPN) once a month, in addition to details about how much of their available credit they’re [...]

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